Analysts Set Finning International Inc. (TSE:FTT) PT at C$47.63

Finning International Inc. (TSE:FTT) has received an average rating of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$49.13.

FTT has been the topic of a number of recent analyst reports. CIBC lifted their price objective on shares of Finning International from C$45.00 to C$49.00 and gave the company an “outperform” rating in a research note on Wednesday. Royal Bank of Canada lifted their target price on Finning International from C$45.00 to C$49.00 and gave the stock an “outperform” rating in a report on Wednesday. TD Securities lifted their target price on Finning International from C$41.00 to C$43.00 and gave the stock a “hold” rating in a report on Wednesday. BMO Capital Markets lifted their target price on Finning International from C$47.00 to C$48.00 in a report on Wednesday. Finally, National Bankshares lifted their target price on Finning International from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a report on Wednesday.

Insiders Place Their Bets

In other Finning International news, Senior Officer David Francis Neil Primrose sold 10,000 shares of Finning International stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of C$36.00, for a total value of C$360,000.00. Corporate insiders own 0.12% of the company’s stock.

Finning International Stock Performance

FTT stock opened at C$42.96 on Thursday. The company has a debt-to-equity ratio of 106.56, a quick ratio of 0.59 and a current ratio of 1.41. The stock has a market capitalization of C$6.19 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 0.56 and a beta of 1.63. Finning International has a 1 year low of C$33.77 and a 1 year high of C$46.30. The stock’s fifty day moving average is C$39.80 and its two-hundred day moving average is C$38.04.

Finning International (TSE:FTT) last issued its quarterly earnings data on Tuesday, February 6th. The company reported C$0.96 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.94 by C$0.02. Finning International had a net margin of 4.97% and a return on equity of 20.88%. The business had revenue of C$2.40 billion for the quarter, compared to analysts’ expectations of C$2.54 billion. On average, research analysts predict that Finning International will post 3.9857007 EPS for the current year.

Finning International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Wednesday, May 22nd will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Tuesday, May 21st. This is a positive change from Finning International’s previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a yield of 2.56%. Finning International’s dividend payout ratio (DPR) is presently 28.25%.

About Finning International

Finning International Inc sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, Bolivia, the United Kingdom, Argentina, Ireland, and internationally. The company offers articulated trucks, asphalt pavers, backhoe loaders, cold planers, compactors, dozers, drills, electric rope shovels, excavators, hydraulic mining shovels, material handlers, motor graders, off-highway trucks, pipelayers, road reclaimers, skid steer and compact track loaders, track loaders, underground-hard rock, wheel loaders, and wheel tractor-scrapers, as well as mobile and stationary generator sets.